DogeDesigner: DOGE was spotted in an amazing drone show at Tesla Cyber Rodeo event just now! Dogecoin @Elon Musk.

“Cyber Rodeo at Giga Texas” was attended by invited guests and hosted by Elon Musk to mark the grand opening and public unveiling of its $1.1 billion manufacturing facility.

The guests at the private event witnessed Tesla cars in various stages of development and the robots to help them.

“Cyber Rodeo” was an invitation-only event, that did not stop plenty of wanna-be-attendees from showing up on Thursday, hoping to somehow get in.

Thus, DOGE being spotted at the drone show at Tesla Cyber Rodeo made things appear bullish for DOGE.

Timothy Stebbing:  “Folk ask ‘wen moon’ but is a byproduct of success, and our success metric is adoption as a real currency used by regular people to buy and sell goods and services everywhere. But understand this: you’re seeing the unstoppable forces building to make this happen gathering now.”

Shibetoshi Nakamoto:  Elon Musk makes the world more fun.

Dogecoin has been rallying after Elon Musk disclosed his ownership of 9.2% of Twitter as a newest member of its board of directors. As a part of the deal to join the board, Musk has agreed to not bring his stake to be any higher than 14.9% from the current 9.2%.

While the uptrend of Doge following the move reversed quickly on, Doge touched $0.16 for the first time in just two months.

DOGE is being accepted as a payment at Tesla’s supercharging stations and its online merchandise store. Thus, giving a utility value contributing to the uptrend.

The expectation is that Elon Musk being a board member at Twitter will be able to push for Doge Payments to be integrated to the Twitter Platform eventually at a point in time.

However, sensible analysts have to state, “It’s wishful thinking on the part of those invested in dogecoin, If anything, his position on Twitter’s board makes it harder for him to use Twitter (if we were to assume he was deliberately using Twitter for this purpose) to pump the price of anything at all. He is in much more specific danger of regulatory action if he does that.”

There is also speculation that advertisers will be able to pay DOGE for ads and for other uses on Twitter.  Reportedly, similar speculations happened when Tesla revealed the ability to pay for its goods with DOGE. So, the speculation will happen every time Musk’s businesses and stake holdings will start to accept crypto, as Tesla does.”